Fan Bingbing Releases Apology Statement, Breaks Silence on Tax Evasion Case

Fan Bingbing Releases Apology Statement, Breaks Silence on Tax Evasion Case

Fan Bingbing Releases Apology Statement, Breaks Silence on Tax Evasion Case

X-Men actress Fan Bingbing has been ordered to pay nearly £100m in taxes and fines, according to Chinese state media.

But China's state news outlet Xinhau reported today that the actress faces about $70 million in fines, and another $37 million in back taxes (The Hollywood Reporter notes that other media outlets suggests the total could reach as high as $128 million).

Fan had been missing from the public eye since June, neglecting her Weibo account, China's Twitter-like platform, and her 69 million followers. Jiangsu Province's tax authorities, who carried out the investigation, said that she had vastly under-reported her income for the film. She is one of five leading global female actors cast in the forthcoming Hollywood spy thriller 355, alongside Jessica Chastain and Penelope Cruz.

Her agent was detained for allegedly obstructing the investigation by ordering evidence destroyed and concealing accounting documents.

Detention would be an extraordinary undoing of the globe-trotting actress, who recently crossed over into American cinema with roles in X-Men: Days of Future Past and Ironman 3.

She is one of five leading worldwide actresses cast in the forthcoming Hollywood spy thriller "355", alongside Jessica Chastain and Penelope Cruz. She has a role in the upcoming Bruce Willis-Adrien Brody feature "Air Strike".

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She said she accepted the tax authorities' decision and would "try my best to overcome all difficulties and raise funds to pay back taxes and fines".

The details behind Fan Bingbing's three-month disappearance aren't as exciting as you might think. "I have failed society's trust, and I have failed the love of my fans".

Fan's disappearance coincided with a crackdown by Chinese authorities on high salaries for actors that can eat up much of the cost of a production. The post was her first since June 2. Regulators capped pay for actors at 40% of a TV show's production budget and at 70% of the total paid to all performers in a film.

Various companies related to the actress suffered the same issues and were ordered to pay around $42 million in late taxes and fees, plus an $86 million fine. She instead paid taxes on a contract for only 10 million yuan, it said.

These agreements are known as "yin-yang" dual contracts - one setting out the real agreed payment terms and a second with a lower figure for the tax authorities.

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